Weekly FX Price Analysis: GBP Continues Substantial Downtrend

weekly FX price analysis

Here is a breakdown of our weekly FX price analysis.

GBP/JPY

This currency pair has inarguably been on a downtrend since testing the 168.30 area. Currently, 164.40 that has been a support now acts as a resistance, signifying further downfall from this tested region. Trade With Mac predicts that GBPJPY, following price action, will continue to fall, testing the 158 area in the coming days.

GBP/JPY Price Chart

weekly FX price analysis: GBP/JPY Price Chart

EUR/GBP

Despite seeing a slight retracement last week, EUR/JBP also maintains its downtrend. The former support at 0.8850 now acts as a resistance, and we anticipate that price should text the next support at 0.8232 in days to come.

EUR/GBP Price Chart

EUR/GBP Price Chart

GBP/USD

It is no longer news that the GBP/USD currency pair has been in a freefall for weeks. This week, Trade With Mac predicts that the downtrend will remain intact. GBP/USD will continue to fall this week up until the 1.1800 area.

GBP/USD Price Chart

GBP/USD Price Chart

Gold

Gold has recently tested the falling trendline on the daily timeframe, acting as resistance. With this, we should be expecting a price fall from this region to test recent lows.

Gold Price Chart

weekly FX price analysis: Gold Price Chart

And this sums up our Weekly FX price analysis! Remember DYOR always, and Trade With Mac isn’t liable for any loss incurred – information provided are NFA. Please, checkout our Terms of Use of Service for more information.

This Post Has 3 Comments

  1. Szpiegowskie Telefonu

    Może to być denerwujące, gdy twoje relacje są zakłócone, a jej telefonu nie można śledzić. Teraz możesz łatwo wykonać tę czynność za pomocą aplikacji szpiegowskiej. Te aplikacje monitorujące są bardzo skuteczne i niezawodne i mogą określić, czy twoja żona cię oszukuje.

  2. Śledź telefon

    Monitoruj telefon z dowolnego miejsca i zobacz, co dzieje się na telefonie docelowym. Będziesz mógł monitorować i przechowywać dzienniki połączeń, wiadomości, działania społecznościowe, obrazy, filmy, WhatsApp i więcej. Monitorowanie w czasie rzeczywistym telefonów, nie jest wymagana wiedza techniczna, nie jest wymagane rootowanie.

  3. Onuoha Dabechi Joseph

    Good analysis

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